Con Edison And Partners Drive Electric Vehicle Research Forward

Work with FedEx, GE, Columbia Cuts Charging Costs -- Charging big fleets of electric vehicles just became more energy efficient and less expensive thanks to a project conducted by Con Edison and three research partners.

Construction of the Spectra Energy pipeline into Lower Manhattan has made Con Edison's supply of natural gas more robust and saved an estimated $104.4 million in electric costs and $107.1 million in gas costs since the pipeline went into service in November 2013.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $12 billion in annual revenues and $41 billion in assets. The utility provides electric, gas and steam service to more than 3 million customers in New York City and Westchester County, NY.

Columbia University's Fu Foundation School of Engineering and Applied Science, founded in 1864, offers programs in nine departments to both undergraduate and graduate students. With facilities specifically designed and equipped to meet the laboratory and research needs of faculty and students, Columbia Engineering is home to NSF-NIH funded centers in genomic science, molecular nanostructures, materials science, and energy, as well as one of the world's leading programs in financial engineering. These interdisciplinary centers are leading the way in their respective fields while individual groups of engineers and scientists collaborate to solve some of modern society's more difficult challenges. http://www.engineering.columbia.edu/

FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.

GE Global Research is the hub of technology development for all of GE's businesses. Our scientists and engineers redefine what's possible, drive growth for our businesses, and find answers to some of the world's toughest problems. We innovate 24 hours a day, with sites in Niskayuna, New York; San Ramon, California; Detroit, Michigan; Oklahoma City, Oklahoma; Bangalore, India; Shanghai, China; Munich, Germany; Tirat Carmel, Israel, and Rio de Janeiro, Brazil. Visit GE Global Research on the web at www.geglobalresearch.com.Connect with our technologists at www.geglobalresearch.com/blog and twitter.com/geresearch.